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De Smet Community Foundation FY2020 filing

Tax-deductible

De Smet, SD501(c)(3)Foundations & GrantmakersEIN 46-1401425Revenue $56K in FY2020

On file with the IRSPo Box 42, 57231-0042 · De Smet, SDTax-exempt since Feb 2013Publicly supported charity — 170(b)(1)(A)(vi)

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To serve the educational and charitable needs of De Smet, South Dakota and surrounding communities by providing a means by which the public may establish foundations or

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · 15% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56K
Spent
$63K
To programs
100%
Net assets
$0
By yearFY2020–FY2024
Revenue
$56K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$61K
FY2022$61K
FY2023$22K
FY2024$88K
Expenses
$63K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$63K
FY2021$26K
FY2022$59K
FY2023$29K
FY2024$69K
Net assets
$0
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$19K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $63K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Laird Beck
Trustee
$0Pt VII · Sec A
See De Smet Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports local educational and charitable needs by helping people create foundations.

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Provided by the organization

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1 program · $63K · in their own filed words · FY2020
01

Develop resources from the public and private sector for the development of permanent and accessible endowments for charitable, educational, scientific, civic purposes dedicated to the betterment of the community.

$63Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$56K
Ln 12
Gifts and grantsLn 1h$56K
Money outPt IX
$63K
Ln 25
Programscol B$63K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56K
Fundraising eventsLn 1c$56K
Total revenueLn 12$56K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Total assetsLn 16$0$0
LiabilitiesLn 26$0$0
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$57K$57K
Accounting feesLn 11c$421$421$0$0
Advertising and promotionLn 12$52$52$0$0
InsuranceLn 23$633$633$0$0
Other expenses (24a–d)Ln 24$5K$5K$0$0
Total functional expensesLn 25$63K$63K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $88K$69K$19K$19K 990 PDF
FY2023 $22K$29K−$7K$0 990 PDF
FY2022 $61K$59K$2K$0 990 PDF
FY2021 $61K$26K$35K$0 990 PDF
FY2020 Viewing $56K$63K−$7K$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $56,143 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $89,068$56,143
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $89,068$56,143
I-13 Grants and similar amounts paidPrior year $146,006$57,112
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,972$5,680
I-18 Total expensesPrior year $175,978$62,792
I-19 Revenue less expensesPrior year −$86,910−$6,649
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $56,143 across 3 lines filed
VIII-1c Fundraising events$56,143
VIII-1h Total contributions, gifts and grants$56,143
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$56,143
Part IX · Statement of functional expenses $62,792 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $57,112$57,112
IX-11c Accounting feesPrograms $421 · Management $0 · Fundraising $0$421
IX-12 Advertising and promotionPrograms $52 · Management $0 · Fundraising $0$52
IX-23 InsurancePrograms $633 · Management $0 · Fundraising $0$633
IX-24 Other expenses (24a–d)Programs $4,574 · Management $0 · Fundraising $0$4,574
IX-25 Total functional expensesPrograms $62,792 · Management $0 · Fundraising $0$62,792
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $0$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$56,143
XI-2 Total expenses$62,792
XI-3 Revenue less expenses−$6,649
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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